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Big moves are brewing.
The monthly close is due for Bitcoin in a few hours and it looks great.
But the overall macro picture looks absolutely phenomenal.
Let's go over this in detail as we close out this month and talk about the historically, 100% accurate, bullish situation we are in.
This is the 1 month chart. The chart that tells us the biggest and clearest HTF story of all.
I have covered these before, but the data continues to go the way I expect, which means incredible things for markets.
We are about to confirm one of the strongest bullish risk on signals in existence.
COPPER/GOLD - 1M MACD Bullish cross
Business cycle - In expansion
This is the first time this has happened since October 2020.
The times before that were:
- October 2016
- November 2012
And every single time Bitcoin went on to push extremely hard for at least one whole year.
I have marked on the chart every time this has happened with a green vertical line.
I have also marked where the bears think we are with a red vertical line.
They could not be more opposite conditions to where we are now.
This setup is a good as it gets to signal an explosive risk on market period and has done so 100% of the time.
Right now we have the holy grail:
- COPPER/GOLD bullish cross
- Business cycle expansion
- Russell 2000 making new highs
- Bitcoin bottomed and coiling
To further add fire to this setup, it looks to me as if the business cycle will expand even further tomorrow, and we will get a reading above 53 for the first time in 4 years.
This will further confirm this setup.
This is not a theory based on time...
This is based on 100% accurate, pivotal macro factors that influence the overall market situation at the deepest macro foundation.
Here is the thing to understand.
When these signals all fire, Bitcoin has never made new lows.
It has only ever gone on to make aggressive new highs and finalise its parabolic bullish phase.
Its coming soon.